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Mega TV Saved From Bankruptcy But Still Hanging on a Limb

Last-ditch efforts to save Greece's private Mega channel from bankruptcy paid off on Wednesday with an agreement between shareholders reached at the eleventh hour....

Large Greek Appliance Chain Files for Bankruptcy

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years...

Greek Church On the Verge of Bankruptcy

With its income reduced dramatically and huge amounts of money lost in stocks and assets, Greece's Church might be soon faced with bankruptcy. Many...

Greece Close to Bankruptcy as Private Debt Is Higher than GDP

Greece is on the brink of bankruptcy as private debt is higher than gross domestic product and rising, says a Greek Money report. Private debt...

German Economic Advisers Propose Bankruptcy Mechanism Within the Eurozone

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt,...

German FinMin: It’s Up to Greece to Avoid Bankruptcy and Grexit

German Finance Minister Wolfgang Schaeuble said on Monday that it is up to Greece to avoid a Grexit and bankruptcy, adding that the country’s...

Bank of Greece: Failure in Negotiations Leads to Bankruptcy and Grexit

An agreement with creditors is absolutely necessary in order for Greece to avoid bankruptcy and poverty and move towards growth, says the report written...

The Positive Side of Greece’s Flirt with Bankruptcy

The fact that Greece is on the verge of financial collapse gives it an edge in negotiations as it may get more concessions from creditors,...

Greek Hospitals on the Brink of Bankruptcy

Greek state hospitals face serious financial problems making their operation extremely difficult, while debts to suppliers have reached 900 million euros. In most instances, the operation...

European Commission Chief Juncker: Greece has ‘Long Road Ahead’ But No Bankruptcy Danger

Greece still has a long road ahead, European Commission President Jean-Claude Juncker said in an interview on Saturday, but ruled out a bankruptcy at this...

Ifo Chief: Bankruptcy Is Better for Greece and Europe

Europe must let Greece exit the euro zone and go bankrupt because that would be the best for both, said President of Germany's Ifo...

Greece: Deal with Creditors or Face Disaster, Bankruptcy and the New Drachma

Within a few weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders, unless a bailout deal is reached.